BluePay, a Leading Chicago Credit Card Processor, Announces Acquisition of Primax Merchant Portfolio
Credit card processing company BluePay acquires merchant portfolio from Primax, a payment services provider for financial institutions nationwide
CHICAGO – (10/04/11) - BluePay, a leader in credit card processing services, recently announced its acquisition of payment services provider Primax. Primax provides credit card and debit card services to over 100 community financial institutions, in addition to payment solutions for more than 5,000 businesses. The acquisition allows Primax financial institutions and merchants to take advantage of BluePay’s wide range of secure processing solutions and dedicated support teams.
“We are very excited about the acquisition of the Primax portfolio,” said John Rante, BluePay CEO. “With our fast, secure payment processing gateway, BluePay has established itself as the top choice for any merchant. We bring the resources, capabilities and technology to the Primax financial institutions that will increase their revenue, and provide their merchants with our integrated payment gateway and advanced software.”
BluePay can provide financial institutions with enhanced sales, marketing and processing functions to build their acquiring portfolio, including a Web-based information portal. BluePay’s payment gateway will allow Primax merchants to integrate payment and billing solutions with accounting applications and enterprise level software for a more streamlined payment process.
Other payment processing products from BluePay include hosted payment forms, electronic bill presentment and payment, recurring billing applications, ACH processing and full tokenization services that reduce merchants’ PCI compliance costs.
“This acquisition is a positive change for both financial institutions and merchant clients,” said Ted Keith, President and CEO of Primax. “BluePay adheres to the same exceptional customer care values that have been a hallmark of Primax. Together, we are committed to providing a seamless transition for our clients.”
About BluePay: Providing the highest level of data security in the industry, BluePay (http://www.bluepay.com) makes U.S. and Canadian credit card processing simple and fast. BluePay is a full-service credit card processor based in Naperville, Illinois, with offices and data centers located across the U.S. The firm leverages extensive industry experience and a comprehensive suite of credit card merchant processing services to provide a complete system of credit card processing solutions at competitive rates. Follow BluePay on Twitter (http://twitter.com/BluePay) for company and credit card processing industry updates.